30 July, 2013
FOMC meeting starts on Tuesday and its results will be announced on Wednesday. Meanwhile, the dollar was traded quietly on Monday with a slight growth against almost all major currencies except the yen. Further growth was prevented by rather weaker housing market data. Although Pending Home Sales dropped less than expected – previous month data were revised downwards.
According to the National Association of Realtors the Pending Home Sales Index fell slightly in June by 0.4% compared with the prior month to 110.9. However, the reading for May was revised most of all – from 112.3 to 111.3 – when the index reached 6-year high. Dallas Fed Manufacturing Index also decreased to 4.4 in July against 6.5 in June and forecasted 7.3 – new orders and production have dropped.
The pound was traded downwards amid the Bank of England lending report release. Despite the Central Bank efforts to facilitate lending conditions, mortgage approvals suddenly dropped to 57.7 thousand against the forecast of 59.7 thousand and May reading of 58.1 thousand. Despite mortgage approvals growth, consumer credits were rising at a slower rate in June to
On Tuesday March, 18 the US dollar was traded mixed before the announcement of 2-days FOMC Meeting on Wednesday. The US dollar increased vs. the pound sterling and the Canadian dollar, but decreased vs. the yen...
On Monday March, 17 the US dollar was traded mixed amid controversial statistics in the USA. The US dollar increased vs. the yen, but decreased vs. major commodity currencies...
On Friday March, 14 the US dollar decreased vs. the yen. The euro, and the pound sterling, but slightly increased vs. major commodity currencies having lost 0.2% to the dollar index amid the US Consumer Confidence decrease to 4-months low...
On Thursday March, 13 the US dollar increased vs. the euro, but decreased vs. the yen and major commodity currencies amid strong US data. The euro dropped after Draghi
On Wednesday the US dollar increased vs. the Canadian dollar and the yen amid finished meetings of the Bank of Canada and Japan...
On Monday the US dollar was traded with fall Vs the most major currencies after the release of weak Non-Farm Payrolls, but rose Vs the pound, and almost didn
This Monday the US dollar was traded with slight decrease Vs most major currencies amid weak US macro statistic data. The data of consumer confidence and personal income appeared to be worse than expected...
The US dollar fell slightly on Monday Vs the euro and the yen and almost did not change Vs the pound and commodity currencies amid contradictory statistics...
The US dollar was traded downwards on Tuesday Vs most major currencies before the FOMC meeting next week where a decision on QE tapering may be made but anyway it will be probably small, which is unlikely to support the dollar...